Jefferies has picked Infosys Ltd., Coforge Ltd. and Sagility India Ltd. as its preferred IT stocks amid current volatility.
US President Donald Trump's global tariff imposition is expected to hurt IT demand in the near term.
The brokerage has cut its target price for IT stocks in the range of 5-35% and prefers stocks with higher growth visibility and limited de-rating risks.
Tariff uncertainties are likely to impact manufacturing, logistics, and retail verticals the most, given their reliance on global supply chains.